WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Down 8.8% – Time to Sell?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI)’s share price was down 8.8% on Friday . The company traded as low as $41.58 and last traded at $41.83. Approximately 481,288 shares were traded during mid-day trading, an increase of 187% from the average daily volume of 167,565 shares. The stock had previously closed at $45.88.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The firm’s fifty day moving average is $36.74 and its 200 day moving average is $32.15. The firm has a market cap of $359.74 million, a P/E ratio of 25.61 and a beta of 1.43.

Institutional Trading of WisdomTree Artificial Intelligence and Innovation Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Investment Advisory LLC increased its position in WisdomTree Artificial Intelligence and Innovation Fund by 16.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 3,612 shares of the company’s stock worth $102,000 after purchasing an additional 512 shares in the last quarter. Sherman Asset Management Inc. increased its position in WisdomTree Artificial Intelligence and Innovation Fund by 141.7% during the 1st quarter. Sherman Asset Management Inc. now owns 1,675 shares of the company’s stock worth $47,000 after purchasing an additional 982 shares in the last quarter. Farther Finance Advisors LLC increased its position in WisdomTree Artificial Intelligence and Innovation Fund by 62.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock worth $86,000 after purchasing an additional 1,133 shares in the last quarter. Private Trust Co. NA increased its position in WisdomTree Artificial Intelligence and Innovation Fund by 1,017.9% during the 4th quarter. Private Trust Co. NA now owns 1,621 shares of the company’s stock worth $47,000 after purchasing an additional 1,476 shares in the last quarter. Finally, Team Financial Group LLC acquired a new position in WisdomTree Artificial Intelligence and Innovation Fund during the 1st quarter worth approximately $47,000.

WisdomTree Artificial Intelligence and Innovation Fund Company Profile

The WisdomTree Artificial Intelligence and Innovation Fund (WTAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equally-weighted index of globally-listed stocks whose businesses are derived from artificial intelligence and innovation. Selection and weighting are overseen by a committee. WTAI was launched on Dec 9, 2021 and is managed by WisdomTree.